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Wholesalers, MGAs, Agents, and Carriers may now leverage the DigitalEdge Platform's sophisticated omnichannel insurance ecosystem to connect numerous channels, partners, 3rd party data sources, and a slick User Interface (UI) to rate, quote, bind, issue, and post-sale support Cyber Liability.
FREMONT, CA: Cogitate's next-generation digital insurance flagship solution, DigitalEdge, now includes a Cyber Liability rate, quote, bind, issue, and post-sale service.
Users benefit from a well-structured and organized dashboard, which provides agents and a historical timeline of policies bound, underwriters with a visual depiction of pending activities, active actions inside live policies, and simple navigation. In complex policy settings where experienced underwriting is required, the solution delivers agency and underwriting mapping. The application, which is pre-configured with Verisk's ISO rates, rules, and forms and integrated with several 3rd party risk information providers, auto-populates and pre-fills Cyber liability data in seconds that maps to the business, saving agents many minutes within an hour. The program gets connected with Cogitate's strong comparison rating engine, which provides several premium possibilities depending on the rates of multiple carriers, including ISO rates.
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The Cyber Liability application uses push notifications, email, and portal alerts to offer real-time updates on policy changes and requests. These alerts are sent to underwriters about potential risk factors in a policy so that corrective steps can be made quickly, such as modifying coverages or manually adjusting premium levels. The program is agnostic in that it interfaces with all management and document management systems. In addition, the application intelligently customizes the Cyber Liability underwriting and security questionnaire based on business revenue while also personalizing coverages for organizations with significant annual revenue.
Arvind Kaushal and Jacque Schaendorf, Co-Founders of Cogitate, explain, "Our digital platform empowers users in the insurance value chain with modern, future-ready technology that improves distribution with on-demand access and insight to grow their business. While Builder's Risk and Commercial Auto already exist in our DigitalEdge Platform, Cyber Liability is a huge step for our users to start their digital journey into Commercial and Niche Lines of business. Next, to be added to our digital platform is General Liability, followed by Commercial Property, and then Commercial Package.
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